China spends the most on oil refinery capacity additions out of any region worldwide. In 2019, China's investments in refinery capacity increases amounted to 21 billion U.S. dollars. This is unsurprising, given that China is home to the largest oil and gas company based on revenue in the world. In 2018, Sinopec made some 432.5 billion U.S. dollars in revenues, while local competitor PetroChina ranked third with 347.7 billion U.S. dollars generated.
Annual investment by oil industry in new refining capacities worldwide from 2015 to 2019 by region
(in billion U.S. dollars)
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IEA. (April 1, 2020). Annual investment by oil industry in new refining capacities worldwide from 2015 to 2019 by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/465938/global-oil-refining-investments-by-region/
IEA. "Annual investment by oil industry in new refining capacities worldwide from 2015 to 2019 by region (in billion U.S. dollars)." Chart. April 1, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/465938/global-oil-refining-investments-by-region/
IEA. (2020). Annual investment by oil industry in new refining capacities worldwide from 2015 to 2019 by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/465938/global-oil-refining-investments-by-region/
IEA. "Annual Investment by Oil Industry in New Refining Capacities Worldwide from 2015 to 2019 by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Apr 2020, https://www.statista.com/statistics/465938/global-oil-refining-investments-by-region/
IEA, Annual investment by oil industry in new refining capacities worldwide from 2015 to 2019 by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/465938/global-oil-refining-investments-by-region/ (last visited December 22, 2024)
Annual investment by oil industry in new refining capacities worldwide from 2015 to 2019 by region (in billion U.S. dollars) [Graph], IEA, April 1, 2020. [Online]. Available: https://www.statista.com/statistics/465938/global-oil-refining-investments-by-region/
